Indonesia‘s sovereign wealth fund has signed an agreement with three other companies to form an up to $3.75 billion investment platform focusing on toll roads in the Southeast Asian country, the fund said in a statement on Friday.
The Indonesia Investment Authority (INA) said it agreed with Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG) and a unit the Abu Dhabi Investment Authority (ADIA) to establish the investment platform, which will be the first for under the sovereign wealth fund since it’s February launch.
